Many people hate Facebook and Instagram. They say it makes us feel bad, is bad for our health, increases the suicide rate of teens and does many more bad things.
But is Meta really all the bad in this world, or is it maybe that Meta just offers a Tool, and it depends how people use it?
I want to shine a light on the later part in this article.
Yesterday Bumble had it’s initial public offering (IPO). The starting price was 43 USD, a valuation of more than 8 billion and it shot up to 76 USD, a valuation of over 13 billion.
Despite this high valuation, the company lastly made a net loss and only a few hundred million ($376.6 million) in revenue.
The current market for Tech, EV and Cannabis stocks is in a hype bubble. I made profit with some overvalued stocks and currently sell these and rebalance my portfolio with more value stocks.